| 1. |
INTRODUCTION |
5 |
| 2. |
SUMMARY AND FUTURE PROSPECTS |
6 |
| 2.1 | SUMMARY |
6 |
| 2.2 | FUTURE PROSPECTS |
7 |
| 3. |
ECONOMIC ENVIRONMENT |
9 |
| 3.1 | GDP |
9 |
| 3.2 | INTEREST RATES AND INFLATION |
9 |
| 3.3 | HOUSEHOLD CONSUMPTION AND SAVINGS RATIO |
10 |
| 3.4 | UNEMPLOYMENT |
10 |
| 3.5 | CONCLUSIONS |
10 |
| 4. |
OVERVIEW OF THE DOMESTIC CONSTRUCTION MARKET |
11 |
| 4.1 | TOTAL CONSTRUCTION MARKET |
11 |
| 4.2 | DOMESTIC CONSTRUCTION SECTOR |
12 |
| 4.2.1 | New Work and RMI |
12 |
| 4.2.2 | Output and New Orders |
13 |
| 4.2.3 | Starts and Completions |
14 |
| 4.3 | KEY INDICATORS |
15 |
| 4.3.1 | Average House Prices - New Dwellings |
15 |
| 4.3.2 | Affordability |
16 |
| 4.3.3 | Secured Lending House Purchases and Remortgages |
17 |
| 4.4 | FORECASTS TO 2013 |
18 |
| 5. |
DOMESTIC CONSTRUCTION SECTOR REVIEWS |
21 |
| 5.1 | PRIVATE SECTOR |
21 |
| 5.1.1 | Output and New Orders |
21 |
| 5.1.2 | Starts and Completions |
22 |
| 5.1.3 | Forecasts |
23 |
| 5.2 | PUBLIC SECTOR |
24 |
| 5.2.1 | Output and New Orders |
24 |
| 5.2.2 | Starts and Completions |
25 |
| 5.2.3 | Forecasts |
26 |
| 5.3 | KEY INFLUENCING FACTORS |
26 |
| 5.3.1 | Mix of New Housing By Type |
26 |
| 6. |
REGIONAL REVIEW |
28 |
| 6.1 | ENGLAND |
28 |
| 6.1.1 | Starts and Completions by Sector |
29 |
| 6.1.2 | Starts and Completions by Region |
30 |
| 6.2 | WALES |
32 |
| 6.2.1 | Starts and Completions by Sector |
33 |
| 6.3 | SCOTLAND |
33 |
| 6.3.1 | Starts and Completions by Sector |
35 |
| APPENDICES |
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| TABLES AND CHARTS |
| CHART 1 | NEW HOUSING STARTS AND COMPLETIONS (GREAT BRITAIN) 2004 TO 2013 BY VOLUME (000 DWELLINGS) |
6 |
| TABLE 2 | KEY ECONOMIC INDICATORS 2005 TO 2013 (% ) |
9 |
| TABLE 3 | CONSTRUCTION OUTPUT GREAT BRITAIN 2003 TO 2009 BY VALUE (Ł BILLION AT CURRENT PRICES) |
11 |
| TABLE 4 | DOMESTIC CONSTRUCTION OUTPUT (NEW WORK AND RMI) GREAT BRITAIN 2003 TO 2009 BY VALUE (Ł BILLION AT CURRENT PRICES) |
12 |
| TABLE 5 | DOMESTIC CONSTRUCTION OUTPUT (NEW WORK AND RMI) GREAT BRITAIN 2004 TO 2009 MOVING ANNUAL TOTAL BY VALUE (Ł MILLION AT CURRENT PRICES) |
13 |
| CHART 6 | DOMESTIC CONSTRUCTION SECTOR OUTPUT AND NEW ORDERS NEW HOUSING 2007 TO Q2 2009 BY VALUE (Ł MILLION AT CURRENT PRICES) |
14 |
| TABLE 7 | HOUSEBUILDING STARTS AND COMPLETIONS QUARTERLY AND MAT GREAT BRITAIN 2003 TO 2009 BY VOLUME |
15 |
| CHART 8 | NEW DWELLINGS BY AVERAGE PRICE, RECORDED INCOME OF BORROWERS AND AVERAGE MORTGAGE ADVANCE 1990-2009 BY VALUE (ŁK) |
16 |
| CHART 9 | HALIFAX HOUSE PRICE TO EARNINGS RATIO 2000-2009 |
17 |
| CHART 10 | MOVING ANNUAL TOTAL SECURED GROSS LENDING TO INDIVIDUALS AND HOUSING ASSOCIATIONS 2003-09 ŁM |
17 |
| CHART 11 | DOMESTIC CONSTRUCTION OUTPUT GROWTH AND FORECASTS 2004 TO 2013 BY VALUE (Ł MILLION AT CURRENT PRICES) |
18 |
| CHART 12 | DOMESTIC CONSTRUCTION STARTS & COMPLETIONS AND FORECASTS 2004 TO 2013 BY VOLUME |
19 |
| TABLE 13 | DOMESTIC CONSTRUCTION OUTPUT (Ł MILLION AT CURRENT PRICES) & STARTS/COMPLETIONS ANALYSIS (VOLUME) 2006 TO 2013 |
20 |
| CHART 14 | PRIVATE SECTOR NEW HOUSING OUTPUT AND NEW ORDERS ANALYSIS Q4 2003 TO Q2 2009 BY VALUE (Ł MILLION AT CURRENT PRICES) |
21 |
| TABLE 15 | PRIVATE HOUSEBUILDING STARTS AND COMPLETIONS GREAT BRITAIN 2003 TO 2009 BY VOLUME |
22 |
| CHART 16 | PRIVATE SECTOR NEW HOUSING STARTS AND COMPLETIONS 2004 TO 2013 BY VOLUME (000 DWELLINGS) |
23 |
| CHART 17 | PUBLIC SECTOR NEW HOUSING OUTPUT AND NEW ORDERS ANALYSIS Q4 2003 TO Q2 2009 BY VALUE (Ł MILLION AT CURRENT PRICES) |
24 |
| CHART 18 | PUBLIC HOUSEBUILDING STARTS AND COMPLETIONS GREAT BRITAIN 2003 TO 2009 BY VOLUME |
25 |
| CHART 19 | PUBLIC SECTOR NEW HOUSING STARTS AND COMPLETIONS 2004 TO 2013 BY VOLUME (000 DWELLINGS) |
26 |
| CHART 20 | HOUSEBUILDING COMPLETIONS - % MIX BY HOUSES / FLATS ENGLAND 2001-2009 |
27 |
| CHART 21 | NEW HOUSING STARTS AND COMPLETIONS 2003 Q1 TO 2010 Q2 IN ENGLAND BY VOLUME (000 DWELLINGS) |
28 |
| CHART 22 | PUBLIC AND PRIVATE NEW HOUSING STARTS AND COMPLETIONS 2003 TO 2010 IN ENGLAND BY VOLUME (000 DWELLINGS) |
29 |
| TABLE 23 | PUBLIC AND PRIVATE HOUSEBUILDING STARTS BY ENGLISH REGION 2005-2010 |
30 |
| TABLE 24 | PUBLIC AND PRIVATE HOUSEBUILDING COMPLETIONS BY ENGLISH REGION 2005-2010 |
31 |
| CHART 25 | NEW HOUSING STARTS AND COMPLETIONS 2003 Q1 TO 2010 Q2 IN WALES BY VOLUME (000 DWELLINGS) |
32 |
| CHART 26 | PUBLIC AND PRIVATE NEW HOUSING STARTS AND COMPLETIONS 2003 TO 2010 IN WALES BY VOLUME (000 DWELLINGS) |
33 |
| CHART 27 | NEW HOUSING STARTS AND COMPLETIONS 2003 Q1 TO 2010 Q2 IN SCOTLAND BY VOLUME (000 DWELLINGS) |
34 |
| CHART 28 | PUBLIC AND PRIVATE NEW HOUSING STARTS AND COMPLETIONS 2003 TO 2010 IN SCOTLAND BY VOLUME (000 DWELLINGS) |
35 |
